A Toronto man is facing multiple criminal charges following an investigation into the use of counterfeit currency at several retail stores across Durham Region, including Ajax, Whitby and Oshawa. Police say the case highlights ongoing concerns about fraud targeting local businesses.
According to Durham Regional Police, the investigation began after reports surfaced of suspicious transactions involving fake Bank of Canada $100 bills on February 7, 2026. Officers from the Financial Crimes Unit launched a detailed probe after multiple retailers reported similar incidents involving counterfeit cash.
Investigators allege that the suspect entered various businesses across Durham Region and used the fake bills to purchase merchandise. After completing the transactions, police say the individual later returned the purchased items at stores in Toronto in exchange for legitimate cash refunds, allowing him to profit from the fraudulent scheme.
Following a month-long investigation, police arrested Dominic Coleman, 20, of Toronto, on March 13, 2026. He has been charged with four counts of fraud under $5,000, four counts of using counterfeit money and four counts of failing to comply with a release order. Authorities confirmed that the accused was held for a bail hearing.
Police believe the incidents reported so far may not represent the full extent of the activity. Investigators are concerned that additional businesses in Durham Region or surrounding areas may have been targeted using similar methods. As a result, they are urging retailers and residents to remain vigilant and report any suspicious transactions.
Businesses, particularly those handling cash payments, are being advised to carefully examine large denomination bills and watch for signs of counterfeit currency. This includes checking security features such as holograms, raised printing and transparent windows commonly found on Canadian banknotes.
Durham Regional Police are asking anyone who believes they may have been affected by this incident, or who has information that could assist the investigation, to contact the Financial Crimes Unit. Anonymous tips can also be submitted through Crime Stoppers, where individuals may be eligible for a cash reward.
Fraud involving counterfeit money can have serious financial impacts on local businesses, especially small retailers who may not be able to recover losses. Police emphasize that early reporting is crucial in preventing further incidents and helping authorities track down suspects more effectively.
This case serves as an important reminder for both businesses and consumers in Durham Region to stay cautious when handling cash and to report anything unusual. As the investigation continues, police are working to determine whether additional charges may be laid and if more victims can be identified.
